Financing https://www.benzinga.com/views/taxonomy/term/34989 en Novo Completes Full Repayment and Retirement of US$40 Million Sprott Lending Credit Facility https://www.benzinga.com/pressreleases/22/08/g28482335/novo-completes-full-repayment-and-retirement-of-us-40-million-sprott-lending-credit-facility <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- <strong>Novo Resources Corp. </strong>(<strong>"Novo" </strong>or the <strong>"Company"</strong>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NVO#TSX" rel="nofollow">NVO</a>, NVO.WT &amp;amp, NVO.WT.A)) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NSRPF#OTCQX" rel="nofollow">NSRPF</a>) is pleased to advise that it has completed repayment of its senior secured US$40 million credit facility ("<strong>Credit Facility</strong>") with Sprott Resource Lending Corp. ("<strong>Sprott</strong>") subsequent to the completion of the sale of the Company&#039;s New Found Gold Corp. investment<sup>1</sup>. The Company is now free ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28482335/novo-completes-full-repayment-and-retirement-of-us-40-million-sprott-lending-credit-facility alt=Novo Completes Full Repayment and Retirement of US$40 Million Sprott Lending Credit Facility>Full story available on Benzinga.com</a></p> News NSRPF TSX:NVO TSX:NVO-WT TSX:NVO-WTA TSX:NVO.WTA Financing Press Releases Fri, 12 Aug 2022 21:37:04 +0000 Globe Newswire 28482335 at https://www.benzinga.com Credit Acceptance Announces Extension of $500.0 Million Asset-Backed Financing https://www.benzinga.com/pressreleases/22/08/g28479909/credit-acceptance-announces-extension-of-500-0-million-asset-backed-financing <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">Southfield, Michigan, Aug. 12, 2022 (GLOBE NEWSWIRE) -- <strong>Credi</strong><strong>t Acceptance Corporation (Nasdaq</strong><strong>: CACC)</strong> (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that we have extended by three years the $500.0 million asset-backed non-recourse secured financing that we entered into on August 28, 2019 (the "Financing") and to which we refer as Term ABS 2019-2. Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from August 15, 2022 to August 15, 2025. The amendment has ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28479909/credit-acceptance-announces-extension-of-500-0-million-asset-backed-financing alt=Credit Acceptance Announces Extension of $500.0 Million Asset-Backed Financing>Full story available on Benzinga.com</a></p> CACC News Financing Press Releases Fri, 12 Aug 2022 20:02:00 +0000 Globe Newswire 28479909 at https://www.benzinga.com Warren Barnett, Local Chattanooga Financial Advisor, to Speak at Nashville Finance Forum https://www.benzinga.com/pressreleases/22/08/r28476751/warren-barnett-local-chattanooga-financial-advisor-to-speak-at-nashville-finance-forum <p>Chattanooga, TN August 12, 2022 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Private Wealth Central States Forum brings together high net worth managing private banks, wealth managers, and RIAs from around the region. Hundreds of one-on-one meetings with managers within the community cultivate the forum&#8217;s content.Warren Barnett is the only mediator coming from the Chattanooga area.</p> <p>The speakers chosen are all leaders within the central US and are pivotal to the industry. Barnett is excited to be a part of a group of such well-respected individuals, including Stephen Frohsin of Woodmont Investment group and Jay Healy of Beacon Pointe.</p> <p>The event will cover a wide range of topics, including asset allocation and protection, equity markets, fixed income, alternative investments, as well as succession planning, and an outlook on the financial markets and the global economy.</p> <p>This event is designed to ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/r28476751/warren-barnett-local-chattanooga-financial-advisor-to-speak-at-nashville-finance-forum alt=Warren Barnett, Local Chattanooga Financial Advisor, to Speak at Nashville Finance Forum>Full story available on Benzinga.com</a></p> business News Financing Events Press Releases Fri, 12 Aug 2022 16:14:52 +0000 PR.com 28476751 at https://www.benzinga.com Navios Maritime Holdings Inc. Announces Satisfaction and Discharge of Indenture Governing 11.25% Senior Secured Notes due 2022 https://www.benzinga.com/pressreleases/22/08/g28472707/navios-maritime-holdings-inc-announces-satisfaction-and-discharge-of-indenture-governing-11-25-sen <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="left">GRAND CAYMAN, Cayman Islands, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NM#NYSE" rel="nofollow">NM</a>), a global seaborne shipping and logistics company, announced today that on August 11, 2022, the Company satisfied and discharged its obligations under the indenture governing its 11.25% Senior Secured Notes due 2022 (the "Notes"). The outstanding Notes will be repaid on their maturity date, which is August 15, 2022.<br /></p> <p align="justify"><strong>About Navios Holdings </strong></p> <p>Navios Maritime Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NM#NYSE" rel="nofollow">NM</a>) is a global seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities including iron ore, coal and grain. For ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28472707/navios-maritime-holdings-inc-announces-satisfaction-and-discharge-of-indenture-governing-11-25-sen alt=Navios Maritime Holdings Inc. Announces Satisfaction and Discharge of Indenture Governing 11.25% Senior Secured Notes due 2022>Full story available on Benzinga.com</a></p> News NM Financing Press Releases Fri, 12 Aug 2022 12:50:15 +0000 Globe Newswire 28472707 at https://www.benzinga.com Rock Tech Lithium Announces Revised Terms for Proposed Offering of Units https://www.benzinga.com/pressreleases/22/08/g28472576/rock-tech-lithium-announces-revised-terms-for-proposed-offering-of-units <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES<br /></p> <p align="justify">VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Rock Tech Lithium Inc. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/RCK#TSXV" rel="nofollow">RCK</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RCKTF#OTCQX" rel="nofollow">RCKTF</a>) (FWB: RJIB) (WKN: A1XF0V) (the &#34;Company&#34; or &#34;Rock Tech&#34;) announces that the terms for its previously announced marketed offering of units of the Company ("Units") have been amended. The Company now intends to raise aggregate gross proceeds of approximately US$30 million (approximately C$38 million) pursuant to the Offering of Units at a price of C$3.50 per Unit (the "Offering"). Each Unit will be comprised of one common share in the capital of Rock Tech (a &#34;Common Share&#34;) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a &#34;Warrant&#34;). Each Warrant will entitle the holder thereof to acquire one Common Share (a &#34;Warrant Share&#34;) for a period of 36 months from the date of issuance of such Warrant, at an exercise price of C$4.50, subject to and in accordance with the terms and conditions of the warrant indenture to be entered into between the Company and Computershare Trust Company of Canada, including acceleration and adjustment in certain circumstances.</p> <p align="justify">Rock Tech currently intends to use the net proceeds of the Offering to finance the development of the Company&#39;s proposed high grade lithium hydroxide converter and refinery facility in Guben, Germany (the &#34;Guben Converter&#34;) and to fund the continued exploration and development of the Company&#39;s Georgia Lake lithium project in Ontario, Canada (the &#34;Georgia Lake Project&#34;). The net proceeds from the Offering are expected to provide the Company with sufficient capital to advance its projects, including the Guben Converter and Georgia Lake Project, in line with its proposed business timeline. Additionally, over the last week further strategic, less dilutive financing possibilities have arisen, which could help to strongly accelerate the company&#39;s growth.</p> <p align="justify">It is anticipated that a portion of the Offering will be conducted through a syndicate of underwriters (the &#34;Underwriters&#34;) led by TD Securities Inc. and Cantor Fitzgerald Canada Corporation acting as joint book-runners and including Berenberg Capital Markets, LLC as joint lead manager (the "Underwritten Offering"). The Company expects to grant the Underwriters an option (the &#34;Over-Allotment Option&#34;) to purchase up to an additional 15% of the Underwritten Offering. It is anticipated that such Over-Allotment Option will be exercisable, in whole or in part at the discretion of the Underwriters, at any time up to and including 30 days following the closing date of the Offering. The Underwriters can elect to exercise the Over-Allotment Option for Units only, Common Shares only, Warrants only or any combination thereof, to cover over-allotments, if any, and for market stabilization purposes.</p> <p align="justify">The remaining portion of the Offering, will be conducted via a non-brokered private placement pursuant to subscription agreements to be entered into directly between Rock Tech and purchasers ("Subscription Agreements"), all of whom are expected to be existing shareholders of Rock Tech (the "Concurrent Placement").</p> <p align="justify">The final terms of the Offering will be determined at the time the Company enters into a definitive underwriting agreement with the Underwriters and Subscription Agreements with purchasers under the Concurrent Placement. Closing of the each of the Underwritten Offering and the Concurrent Placement will be subject to a number of customary closing conditions, including acceptance of the TSX Venture Exchange (the &#34;TSX-V&#34;). There can be no assurance as to whether or when the Offering will be completed, or as to the final size or terms of the Offering.</p> <p align="justify">The Underwritten Offering will be made to the public in each of the provinces of Canada, excluding Québec, pursuant to a prospectus supplement (the &#34;Prospectus Supplement&#34;) to the Company&#39;s existing Canadian base shelf prospectus dated July 13, 2022 (the &#34;Base Shelf Prospectus&#34;) and in the United States ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28472576/rock-tech-lithium-announces-revised-terms-for-proposed-offering-of-units alt=Rock Tech Lithium Announces Revised Terms for Proposed Offering of Units>Full story available on Benzinga.com</a></p> News RCKTF TSXV:RCK Financing Press Releases Fri, 12 Aug 2022 12:44:23 +0000 Globe Newswire 28472576 at https://www.benzinga.com Aldebaran Announces Closing of Strategic Investment by South32 https://www.benzinga.com/pressreleases/22/08/g28472311/aldebaran-announces-closing-of-strategic-investment-by-south32 <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><em>Not for Distribution to U.S. Newswire Services or Dissemination in the United States</em></p> <p align="justify">VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("<strong>Aldebaran</strong>" or the "<strong>Company</strong>") <strong>(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ALDE#TSXV" rel="nofollow">ALDE</a>, OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ADBRF#OTCQX" rel="nofollow">ADBRF</a>)</strong>, is pleased to announce it has completed its previously announced non-brokered, $14.43 million private placement, led by a strategic investment from a wholly-owned subsidiary of South32 Limited ("<strong>South32</strong>") (see news releases dated July 20, 2022 and August 5, 2022).</p> <p align="justify">South32 acquired 13,700,000 common shares (the "<strong>Common Shares</strong>") at a price of $0.78 per Common Share for total proceeds of $10,686,000. Route One Investment Company LLC, Aldebaran&#039;s largest shareholder, partially exercised its participation right and acquired 4,800,000 Common Shares at a price of $0.78 per Common Share for total proceeds of $3,744,000. The Common Shares issued pursuant to the offering will be subject to a hold period expiring on December 13, 2022 in accordance with applicable securities laws.</p> <p align="justify">Aldebaran intends to use the funds to advance the Altar copper-gold project located in San Juan, Argentina, and for general corporate purposes.</p> <p align="justify"><strong>For further information, please consult our website </strong><strong>at </strong><a href="https://www.globenewswire.com/Tracker?data=3sEW4Hhu-WiFQ7CIYvOBgsVF1MsF9xI9zMCgpuZhx2dho0kfuAsq8K_AzQGx-2jN33uYU1l2sPGWUAOfBscz_jZxzgT6M6Ux0Uu9MLe5usSvLLBAOrUSiNnnylZkG1k_" rel="nofollow" target="_blank" rel="nofollow"><strong><u>www.aldebaranresources.com</u></strong></a><strong> or contact:</strong></p> <p align="justify">John Black, CEO / Director<br />Phone: +1 ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28472311/aldebaran-announces-closing-of-strategic-investment-by-south32 alt=Aldebaran Announces Closing of Strategic Investment by South32>Full story available on Benzinga.com</a></p> ADBRF News TSXV:ALDE TSXV:ALDE.V Financing Press Releases Fri, 12 Aug 2022 12:30:00 +0000 Globe Newswire 28472311 at https://www.benzinga.com Rubicon Technology, Inc. Sets Record Date for its $11.00 per share Cash Distribution https://www.benzinga.com/pressreleases/22/08/g28471743/rubicon-technology-inc-sets-record-date-for-its-11-00-per-share-cash-distribution <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>BENSENVILLE, IL., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Rubicon Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBCN#NASDAQ" rel="nofollow">RBCN</a>) ("Rubicon" or the "Company") announced today that, in connection with the cash tender offer (the "Offer") by Janel Corporation ("Janel") for up to 45% of Rubicon&#039;s issued and outstanding common stock, par value $.001 per share ("Common Stock"), the Company&#039;s Board of Directors has set August 23, 2022 (the "Record Date") as the record date for its cash distribution of $11.00 per share of Common Stock (the "Distribution"). The Distribution and the Record Date are conditioned upon the consummation of the Offer by August 19, 2022. If such condition has occurred it is anticipated that the Distribution will be paid on or about August 29, 2022 (the "Payment Date").</p> <p align="justify">The payment of the Distribution represents more than 25% of the price per share of Common Stock and therefore NASDAQ has determined that the Common Stock will trade with "due bills," representing an assignment of the right to receive the Distribution during the period from the Record Date to the ex-dividend date (the "Due Bill Period"). The Common Stock will not trade ex-dividend until August 30, 2022, the ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28471743/rubicon-technology-inc-sets-record-date-for-its-11-00-per-share-cash-distribution alt=Rubicon Technology, Inc. Sets Record Date for its $11.00 per share Cash Distribution>Full story available on Benzinga.com</a></p> News RBCN Financing Press Releases Fri, 12 Aug 2022 12:00:00 +0000 Globe Newswire 28471743 at https://www.benzinga.com Applied Blockchain Secures New $15 Million Credit Facility to Refinance Existing Debt and Expand Liquidity Position https://www.benzinga.com/pressreleases/22/08/g28471741/applied-blockchain-secures-new-15-million-credit-facility-to-refinance-existing-debt-and-expand-li <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">DALLAS, Aug. 12, 2022 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=5Gs24kVRJzbnvN7ZpGdrBMxQfDcu-gmjDRFc0L1hLdhjLC5LDcBmNPw7L3TVBewwKJTRZHGWRSC014coxsQhNZUbyrrww6SAlzNVZKRAUF4=" rel="nofollow" target="_blank" rel="nofollow"><strong><u>Applied Blockchain, Inc.</u></strong></a><strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ" rel="nofollow">APLD</a>)</strong> <strong>(&#34;Applied Blockchain&#34; or the &#34;Company&#34;) </strong>announced today that on July 25, 2022, the Company entered into a loan agreement with a North Dakota-based bank for a credit facility with a maximum principal amount of $15.0 million. The Company intends to use the facility to repay its existing debt and provide additional liquidity to fund the buildout of its datacenters. Applied Blockchain expects the initial interest rate of the Loan to be 1.5% for the ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28471741/applied-blockchain-secures-new-15-million-credit-facility-to-refinance-existing-debt-and-expand-li alt=Applied Blockchain Secures New $15 Million Credit Facility to Refinance Existing Debt and Expand Liquidity Position>Full story available on Benzinga.com</a></p> APLD News Financing Press Releases Fri, 12 Aug 2022 12:00:00 +0000 Globe Newswire 28471741 at https://www.benzinga.com Vigil Neuroscience Announces $75 Million Private Placement Financing https://www.benzinga.com/pressreleases/22/08/g28470834/vigil-neuroscience-announces-75-million-private-placement-financing <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="left">CAMBRIDGE, Mass., Aug. 12, 2022 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=GsDcIyvN3mSTJe373hb0h8s0jrM8oOyawj7WLDR7-Ki3HaGWMLsPynTTYNlEjml3Hc7i2zjhiqWKBSrh9FfokbGYmQdND-QjzSwvA74KyDs=" rel="nofollow" target="_blank" rel="nofollow">Vigil Neuroscience, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIGL#NASDAQ" rel="nofollow">VIGL</a>), a clinical-stage biotechnology company committed to harnessing the power of microglia for the treatment of neurodegenerative diseases, today announced that it has entered into a securities purchase agreement with certain existing and new accredited investors to issue and sell an aggregate of 7,293,084 shares of its common stock ("Common Stock") at a price of $7.30 per share and pre-funded warrants ("Pre-Funded Warrants") to purchase up to an aggregate of 2,980,889 shares of common stock at a purchase price of $7.2999 per pre-funded warrant, through a private investment in public equity ("PIPE") financing. The Pre-Funded Warrants will have an exercise price of $0.0001 per share of Common Stock, be immediately exercisable and remain exercisable until exercised in full. The prices of Common Stock and Pre-Funded Warrants do not include any discounts.</p> <p align="left">Vigil anticipates the gross proceeds from the PIPE to be approximately $75.0 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The closing of the financing is expected to occur on August 16, 2022, subject to customary closing conditions.</p> <p align="left">The PIPE was led by existing investor, Deep Track Capital LP, and included participation from new investors including BVF Partners and an investment fund affiliated with Deerfield Management Company, L.P., as well as existing investors including Invus and DAFNA Capital Management LLC.</p> <p align="left">"We thank our existing and new investors who have shown their support for and confidence in Vigil through this financing," said Ivana Magovčević-Liebisch, Ph.D., J.D., President and Chief Executive Officer of Vigil. "With this funding, we are well positioned to execute on multiple anticipated value enhancing milestones that will allow us to ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28470834/vigil-neuroscience-announces-75-million-private-placement-financing alt=Vigil Neuroscience Announces $75 Million Private Placement Financing>Full story available on Benzinga.com</a></p> News VIGL Financing Press Releases Fri, 12 Aug 2022 11:00:00 +0000 Globe Newswire 28470834 at https://www.benzinga.com Field Trip Announces Closing of Plan of Arrangement and $19.9 Million Private Placement Financing https://www.benzinga.com/pressreleases/22/08/g28464179/field-trip-announces-closing-of-plan-of-arrangement-and-19-9-million-private-placement-financing <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><em>- Field Trip Health Ltd. has been renamed &#34;Reunion Neuroscience Inc.&#34; and remains listed on the NASDAQ Stock Market and Toronto Stock Exchange under the ticker symbol &#34;FTRP&#34; with such ticker symbol changing to &#34;REUN&#34;</em><br /><br /><em>- Field Trip Health &amp; Wellness Ltd. to be listed on the TSX Venture Exchange under ticker symbol "FTHW" </em><br /><br /><em>- First day of trading for both Reunion and Field Trip Health &amp; Wellness expected to occur on or about August 17, 2022</em></p> <p align="center"><em>- Field Trip Health &amp; Wellness Ltd. completes $19.9 million private placement financing</em></p> <p align="justify">TORONTO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Reunion Neuroscience Inc., (formerly, Field Trip Health Ltd.) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FTRP#TSX" rel="nofollow">FTRP</a>, NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRP#NASDAQ" rel="nofollow">FTRP</a>) (the "<strong>Company</strong>"), and Field Trip Health &amp; Wellness Ltd. (&#34;<strong>Field Trip H&amp;W</strong>&#34;) are pleased to announce the closing of the plan of arrangement spinout transaction, including the corporate reorganization effected thereby, effective August 11, 2022 (the &#34;<strong>Arrangement</strong>&#34;). Pursuant to the Arrangement, holders of common shares of the Company (&#34;<strong>Company Shares</strong>&#34;) exchanged their Company Shares for one new common share of the Company (the &#34;<strong>Reunion Shares</strong>&#34;) and received 0.85983356 of a Field Trip H&amp;W common share (&#34;FTHW Shares&#34;). Following such exchange, the Reunion Shares were consolidated on the basis of one (1) post-consolidation Reunion Share for every five (5) pre-consolidation Reunion Shares and the Company changed its name to &#34;Reunion Neuroscience Inc.&#34;.</p> <p align="justify">Computershare Investor Services Inc. (&#34;<strong>Computershare</strong>&#34;) will forward replacement certificates to each Company shareholder that is entitled to receive certificates, representing their allotted number of Reunion Shares and FTHW Shares in accordance with the Arrangement. Amended and restated letters of transmittal, replacing the previously delivered letters of transmittal, have been mailed to registered holders of Company Shares, which must be completed and returned to Computershare together with the share certificates of Company Shares at the address specified in the amended and restated letter of transmittal, in order for Company shareholders to receive Reunion Shares and FTHW Shares. A copy of the amended and restated letter of transmittal is also available under the Company&#39;s profile on SEDAR at <a href="http://www.sedar.com" title="www.sedar.com" rel="nofollow">www.sedar.com</a>.</p> <p align="justify"><strong><em><u>Listing</u></em></strong></p> <p align="justify">The Company will remain listed on the NASDAQ Stock Market and Toronto Stock Exchange under the ticker symbol &#34;FTRP&#34; with such ticker symbol changing to &#34;REUN&#34; on or about August 17, 2022. Between August 11 and August 17, FTRP shares continue to trade pending their exchange for Reunion shares and FTH&amp;W shares as further detailed in the news release.</p> <p align="justify">It is anticipated that Field Trip H&amp;W will be listed on the TSX Venture Exchange (the &#34;<strong>TSXV</strong>&#34;) under the ticker symbol &#34;FTHW&#34;, subject to the TSXV&#39;s confirmation that all customary conditions to the listing have been satisfied. Field Trip H&amp;W anticipates that the first day of trading will occur on or about August 17, 2022.</p> <p align="justify"><strong><em><u>Concurrent Financings</u></em></strong></p> <p align="justify">In connection with the Arrangement, Field Trip H&amp;W has completed a non-brokered private placement offering of FTHW Shares (the &#34;<strong>Share Offering</strong>&#34;), consisting of the issuance of an aggregate of 35,600,000 FTHW Shares at a price of $0.50 per FTHW Share. Investors in the Share Offering consisted of: (i) the Company who subscribed for 19,615,000 FTHW Shares for an aggregate purchase price of $9,807,500 and representing approximately 21.84% of the FTHW Shares issued and outstanding immediately following completion of the Arrangement; and (ii) Oasis Investments II Master Fund Ltd. who subscribed for 15,944,220 FTHW Shares for an aggregate purchase price of $7,972,110 and representing, together with its holdings in FTHW as a result of the Arrangement, approximately 19.9% of the FTHW Shares issued and outstanding immediately following completion of the Arrangement. In connection with the Share Offering, Field Trip H&amp;W entered into customary investor rights agreements with each of Reunion and Oasis copies of which are available on Field Trip H&amp;W&#39;s SEDAR profile at <a href="https://www.globenewswire.com/Tracker?data=oIZE6aTfNcNKfazriPazLSoDqKik1C1pPFBYaaLSKW4ejmhF6FEHAGZ3fS8kkCw46F3eb-wcqUnaRCuBF2Sx1g==" rel="nofollow" target="_blank" rel="nofollow"><u>www.sedar.com</u></a>. In addition, Field Trip H&amp;W has completed a brokered private placement offering of 4,400,000 subscription receipts of Field Trip H&amp;W (the &#34;<strong>Subscription Receipt</strong>&#34;) at a price of $0.50 per Subscription Receipt, for total aggregate gross proceeds of $2,200,000 (the &#34;<strong>Subscription Receipt Offering</strong>&#34;). In connection with the Arrangement, the Subscription Receipts have been converted into 4,400,000 FTHW Shares. Additional ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28464179/field-trip-announces-closing-of-plan-of-arrangement-and-19-9-million-private-placement-financing alt=Field Trip Announces Closing of Plan of Arrangement and $19.9 Million Private Placement Financing>Full story available on Benzinga.com</a></p> FTRP News TSX:FTRP TSX:FTRP-WT Financing Press Releases Thu, 11 Aug 2022 20:28:21 +0000 Globe Newswire 28464179 at https://www.benzinga.com Soluna Holdings, Inc. Announces Initial Funding from Spring Lane Capital https://www.benzinga.com/pressreleases/22/08/g28462635/soluna-holdings-inc-announces-initial-funding-from-spring-lane-capital <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="start">ALBANY, NY, Aug. 11, 2022 (GLOBE NEWSWIRE) -- <u><a href="https://www.globenewswire.com/Tracker?data=Fi35xuWiTh3pqKSkJOjXCyl-lYEV8H4Br0LvlGSus_l-ThEclX9rif1SdKRj-PGyrEITntlJyY3fQR1177G6Vp9zFc3bqxXEMlqJxvGxRRE=" rel="nofollow" target="_blank" rel="nofollow">via NewMediaWire</a></u> – Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ" rel="nofollow">SLNH</a>), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the initial funding of up to $12.5 million from funds managed by Spring Lane Capital, a private equity firm focused on hybrid project capital for sustainability solutions in the energy, food, water, waste and transportation industries. The funding is the first of the up to $35 million in project financing committed by funds managed by Spring Lane Capital, originally announced on May 12, 2022. The proceeds will fund the development of the initial 50 MW phase of our development project in Texas, known as the Dorothy project, a 100 MW data center being built in phases.<br /></p> <p align="start">Michael Toporek, CEO of Soluna Holdings, Inc., said, "This initial funding from Spring Lane Capital enables us to begin the next phase ...</p><p><a href=https://www.benzinga.com/pressreleases/22/08/g28462635/soluna-holdings-inc-announces-initial-funding-from-spring-lane-capital alt=Soluna Holdings, Inc. Announces Initial Funding from Spring Lane Capital>Full story available on Benzinga.com</a></p> News SLNH SLNHP Financing Press Releases Thu, 11 Aug 2022 20:01:00 +0000 Globe Newswire 28462635 at https://www.benzinga.com Core Banking Solutions Market Size is projected to reach USD 50 Billion by 2030, growing at a CAGR of 14.8%: Straits Research https://www.benzinga.com/pressreleases/22/08/g28462323/core-banking-solutions-market-size-is-projected-to-reach-usd-50-billion-by-2030-growing-at-a-cagr- <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>New York, United States, Aug. 11, 2022 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=ScEf-j2Fv8O2DMrVvGUY4eQyFk2oP9sD6_w6hdtPfuN0ajrrYpoAZTR_xoRNRdDzmMjhQuetlrTpDy7dRC2m2KTQDLZxALVjwRl1uV4RcEHT4icV3a15v3ogJFkFwKfIT8hD1IR5Yc_-SZX7gHghsNsuy1ga5O1G6BlBZ21HUu8=" rel="nofollow" target="_blank" rel="nofollow"><u>Core Banking Solutions (CBS)</u></a> is the networking of branches, facilitating the execution of everyday transactions such as withdrawal, passbooks, cash deposits, statements of accounts, and demand draughts. In addition, users can avail of banking services and operate their accounts from any branch of the banks on a single platform supplied by the CBS network. Moreover, fundamental banking solutions rely on computer and internet technologies to give users an optimized banking service experience. Furthermore, fundamental banking solutions enable to address constantly changing market &amp; customer needs, enhancing &amp; simplifying banking operations, speeding up banking transactions, and extending presence in rural &amp; distant locations.</p> <p>The rapid shift in customer behavior and preferences toward availing banking products &amp; services has driven banks to enhance their existing product lines by incorporating core banking solutions to provide cost-effective and efficient banking services. Moreover, banks are using technology such as application programming interfaces (APIs), data analytics, artificial intelligence, cloud computing, and robotic process automation (RPA) to modernize banking capabilities and deliver real-time financial services. These factors, as a result, boost the core banking solutions market expansion.</p> <p><strong><br /></strong></p> <p><strong>Get a Free Sample Copy of This Report </strong><a href="https://www.globenewswire.com/Tracker?data=R2cE6JWehYhBz3bYpdEnEmZ14HvxadUKLfd4jEhsLcY8iokB80M9tRby2dj1pe0Dkfz4umzf3XfFxxaeYW2MXOvxwX7yVfY6QGbFasea0F8XoCy2New2OhVU0cZ_AVhgT0XMTcx3yYJ0MSeG7Qia5-TkDEd9mhgeGrBdavRvLDTUQLLPolWTa9YemKa7YichLGcmrhYj93n_yaA6u0a6oqOPrGE1BZnLQMPV5mMTcLZK8feLjCfrdOzokPYYeR8N" rel="nofollow" target="_blank" rel="nofollow"><strong><u>https://straitsresearch.com/report/core-banking-solutions-market/request-sample</u></strong></a></p> <p><strong><br /></strong></p> <p><strong>Need to Provide Better Customer Services Drive the Global Core Banking Solutions Market</strong></p> <p>Banks are upgrading their existing product lines on the market due to a significant shift in consumer preferences for banking products and services. To deliver cost-effective and efficient banking services, the market is anticipated to see an increase in the need for connecting traditional banking systems to a centralized server. Banks are rapidly adopting and deploying core banking systems to provide convenient services and ensure operational transparency. Banks&#39; focus has shifted toward growing existing product lines, enhancing techniques to manage operation costs, and enhancing customer service in the marketplace. Therefore, these factors promote the expansion of the market for core banking solutions.</p> <p><strong>Emerging Economies Create Lucrative Opportunities for the Global Core Banking Solutions Market</strong></p> <p>As several banks and financial institutions adopt advanced technology into their business operations, developing economies present core banking solution suppliers with ample opportunity to increase their products. High expenditures in expanding and converting existing product lines, enhancing operations to meet client requests, and increasing the productivity of business operations are anticipated to be the primary factors driving market expansion. In addition, countries such as Australia, China, India, Singapore, and South Korea are critical users of core banking solutions and are anticipated to drive market growth in the following years.</p> <p><strong><br /></strong></p> <p><strong>Report Scope</strong></p> <table style="border-collapse: collapse; margin-left:2pt; width:388.25pt; border-collapse:collapse ;"> <tr> <td style="width:195.8px;;vertical-align: middle; text-align: left; padding-left: 25.0px; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>Report Metric</strong></td> <td style="width:321.87px;;vertical-align: middle; text-align: left; padding-left: 25.0px; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; "><strong>Details</strong></td> </tr> <tr> <td style="width:195.8px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>Market Size</strong></td> <td style="width:321.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; ">USD 50 Billion by 2030</td> </tr> <tr> <td style="width:195.8px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>CAGR</strong></td> <td style="width:321.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; ">14.8% (2020-2030)</td> </tr> <tr> <td style="width:195.8px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>Historical Data</strong></td> <td style="width:321.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; ">2019-2020</td> </tr> <tr> <td style="width:195.8px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>Base Year</strong></td> <td style="width:321.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; ">2021</td> </tr> <tr> <td style="width:195.8px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>Forecast Period</strong></td> <td style="width:321.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; ">2022-2030</td> </tr> <tr> <td style="width:195.8px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; "><strong>Forecast Units</strong></td> <td style="width:321.87px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; ...</tr></table><p><a href=https://www.benzinga.com/pressreleases/22/08/g28462323/core-banking-solutions-market-size-is-projected-to-reach-usd-50-billion-by-2030-growing-at-a-cagr- alt=Core Banking Solutions Market Size is projected to reach USD 50 Billion by 2030, growing at a CAGR of 14.8%: Straits Research>Full story available on Benzinga.com</a></p> News Financing Economics Press Releases Thu, 11 Aug 2022 19:40:00 +0000 Globe Newswire 28462323 at https://www.benzinga.com Microlending Market Size is projected to reach USD 550 Billion by 2030, growing at a CAGR of 12.8%: Straits Research https://www.benzinga.com/pressreleases/22/08/g28461738/microlending-market-size-is-projected-to-reach-usd-550-billion-by-2030-growing-at-a-cagr-of-12-8-s <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">New York, United States, Aug. 11, 2022 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=tSzs86bN1jTrohlaqyaQb4HIwnA8ojSykx1AviDDz-VOK-WJhFQ8ZbhqNIXUCyk_9UVRFvk48a1sdPcko6Inlpn8NCygsCVEXxIRTQbG-QlBIPU0rRgugeoeWcvmssHz" rel="nofollow" target="_blank" rel="nofollow"><u>Microlending</u></a>, commonly known as microfinance, is a banking service provided to low-income individuals, groups, or unemployed individuals who lack access to conventional financial services. Like traditional loan providers, microlenders charge interest on loans made to borrowers. Numerous individuals are utilizing micro-loans to launch their businesses, creating employment opportunities for others and bolstering the national economy. Increased acceptance of microlending in developing countries for lifestyle improvement, along with minimal operating costs and low market risk, substantially impacts the global microlending market.</p> <p align="justify"><strong><br /></strong></p> <p align="justify"><strong>Get a Free Sample Copy of This Report @ </strong><strong><a href="https://www.globenewswire.com/Tracker?data=5OG4qW4Imo9RcM72qL0MHbpVbtpRqiJ7I-OTZUzJL0tCsuoxM3pli7-AcUXOs3JiPEfqYtfzRZfpED_3SPfeZ_Xcd5RwLEVK0NA8FJ1Sn3SOQUg94QkdQy4fHS75jCEbpnYcQwQwXkXyl8k5HucU30qN--B3i0Jjx9NJomWsvnfgg4K_jbwCXtQTwpnkYM_cW6hcUiA47DlhbcdqmNs29A==" rel="nofollow" target="_blank" rel="nofollow"><u>https://straitsresearch.com/report/microlending-market/request-sample</u></a></strong></p> <p align="justify"><strong><br /></strong></p> <p align="justify"><strong>Increased Adoption of Microlending in Developing Nations Spur the Market Demand</strong><br />By providing them with financial support, microlending or microfinance is transforming the lives of many people in developing Asia-Pacific and LAMEA countries. The industry is expanding due to increased government programs for microlending in many nations. Additionally, a surge in microlenders aids numerous emerging nations in eliminating poverty and raising living standards for the underprivileged. For instance, a study conducted in Bangladesh found that microfinance was responsible for a 40% decrease in poverty across the nation. Also, many African farmers use microloans to purchase crops, which fuels the market expansion. Further, rural residents borrow <a href="https://www.globenewswire.com/Tracker?data=LBGUD-wwUfzXqB80fYXvVb2C9pwhU7kIyd8oMVcWs5DciMyEATyQJlwfcJQ9oD4MtyrLha3cGKqxlhgB2mMFVNjN8pv8o3XQjsCUBHXK2VMau1Qh0-ODPZ6BXtozw97VD5MMngFmV7Tr8mxokcw9aA==" rel="nofollow" target="_blank" rel="nofollow"><u>money from microlenders</u></a> to start their enterprises and improve their lifestyles.<br />With the penetration of smartphones and internet users across the globe, online banking has witnessed significant growth in recent years. Microlending is one of the practical and popular choices for lenders because it offers applicants immediate affordability. In recent years, numerous organizations and people have begun submitting online loan applications rather than engaging in lengthy lending procedures. According to the Federal Reserve, approximately 49% of small firms worldwide applied for loans from banks and non-banking institutions. The industry is expanding due to the simplicity with which borrowers can apply for loans and the numerous advantages lenders enjoy, such as <a href="https://www.globenewswire.com/Tracker?data=8JNd-53GU4DrudHJEvLLjemgWGHltOZOpSX9POAhq3llIE0OW_dZ06ZQRRapQR4mT9uW8pq95MjgSY-RUZbW1tdTijvIZgBT_SGG2iHYSU2XEydXmyfwRlJbmxaWqI1Qxe1ux31WBOY22hAQXa6bsu-dbLr-h_p8RT2dRQ6wdLA=" rel="nofollow" target="_blank" rel="nofollow"><u>automated loan management</u></a> and quick approval.</p> <p align="justify"><strong><br /></strong></p> <p align="justify"><strong>Technological Advances in Microfinancing Create Lucrative Market Opportunities </strong><br />Increased adoption of digital technology in the microfinance business to build new channels and increase revenue opportunities significantly drive the market. Enhanced connectivity in developing nations and technology advancements in several African and Middle Eastern countries are anticipated to present attractive growth opportunities for the market. </p> <p align="justify">Developing nations&#39; widespread adoption of <a href="https://www.globenewswire.com/Tracker?data=RJwJ5HAkRo-dAq0xcZn0e0no964qWiAEioomsuPd1bbXepYEO246vSHQ4bTT4DqiDCgfrMv-ovi3y8uHSgdy0QennkdjCAayOKq1JDWQAKIMsaiP5vzMisvKlImq8s0FD3NjTZYMi3PjxEDfIFMVb_hVKgQ36M9tb-_eQRDZKoI=" rel="nofollow" target="_blank" rel="nofollow"><u>advanced technologies in the microfinance sector</u></a>, such as mobile banking, ATMs, and point-of-sale terminals, creates untapped market potential. For instance, the government of India uses the Aadhaar Payment Bridge System to provide microloans and other services to its citizens. Additionally, market leaders are bringing new technology to increase the market share and provide customers with an improved experience, creating future opportunities for the industry.</p> <p align="justify"><strong><br /></strong></p> <p align="justify"><strong>Report Scope</strong></p> <table style="border-collapse: collapse; margin-left:0; width:490.15pt; border-collapse:collapse ;"> <tr> <td style="width:194.27px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Report Metric</strong></td> <td style="width:459.27px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Details</strong></td> </tr> <tr> <td style="width:194.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Market Size</strong></td> <td style="width:459.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; ">USD 550 Billion  by 2030</td> </tr> <tr> <td style="width:194.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>CAGR</strong></td> <td style="width:459.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>12.8%</strong> (2022-2030)</td> </tr> <tr> <td style="width:194.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Historical Data</strong></td> <td style="width:459.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; ">2019-2020</td> </tr> <tr> <td style="width:194.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Base Year</strong></td> <td style="width:459.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; ">2021</td> </tr> <tr> <td style="width:194.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Forecast Period</strong></td> <td style="width:459.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; ">2022-2030</td> </tr> <tr> <td style="width:194.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ; vertical-align: middle; "><strong>Forecast Units</strong></td> <td style="width:459.27px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ; vertical-align: middle; ">Value (USD Billion ...</td></tr></table><p><a href=https://www.benzinga.com/pressreleases/22/08/g28461738/microlending-market-size-is-projected-to-reach-usd-550-billion-by-2030-growing-at-a-cagr-of-12-8-s alt=Microlending Market Size is projected to reach USD 550 Billion by 2030, growing at a CAGR of 12.8%: Straits Research>Full story available on Benzinga.com</a></p> News Financing Economics Press Releases Thu, 11 Aug 2022 19:00:00 +0000 Globe Newswire 28461738 at https://www.benzinga.com Allena Pharma Needs To Raise Capital To Continue As A Going Concern https://www.benzinga.com/general/biotech/22/08/28460572/allena-pharma-needs-to-raise-capital-to-continue-as-a-going-concern <ul> <li><strong>Allena Pharmaceuticals Inc</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alna#NASDAQ">ALNA</a>) says it&nbsp;<a class="editor-rtfLink" href="https://www.sec.gov/Archives/edgar/data/0001624658/000119312522218012/d359430d8k.htm" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">lacks the financial resources</a>&nbsp;to conduct studies for ALLN-346 for hyperuricemia and gout in the setting of advanced chronic kidney disease.</li> <li>The company continues to evaluate the data from cohorts A and B of Study 202 and the long-term viability of the ALLN-346 clinical program.&nbsp;</li> <li>In light of ...</li></ul><p><a href=https://www.benzinga.com/general/biotech/22/08/28460572/allena-pharma-needs-to-raise-capital-to-continue-as-a-going-concern alt=Allena Pharma Needs To Raise Capital To Continue As A Going Concern>Full story available on Benzinga.com</a></p> ALNA Biotech Briefs News Penny Stocks Health Care Financing General ALNA News Biotech Penny Stocks Health Care Financing General Benzinga Thu, 11 Aug 2022 18:47:19 +0000 Vandana Singh 28460572 at https://www.benzinga.com Greenlane Secure $15M Accreditive Credit Facility https://www.benzinga.com/news/22/08/28460950/greenlane-secures-15m-asset-based-loan <ul> <li><strong>Greenlane Holdings Inc&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>) said it has<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/08/ac28453623/greenlane-secures-15-million-asset-based-loan" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;closed on a $15 million asset-based loan</a>.</li> <li>The loan is for a term of three years ...</li></ul><p><a href=https://www.benzinga.com/news/22/08/28460950/greenlane-secures-15m-asset-based-loan alt=Greenlane Secure $15M Accreditive Credit Facility>Full story available on Benzinga.com</a></p> Briefs GNLN News Penny Stocks Financing General GNLN News Penny Stocks Financing General Benzinga Thu, 11 Aug 2022 18:45:45 +0000 Shivani Kumaresan 28460950 at https://www.benzinga.com